00:38:08 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Integra Resources Corp (2)
Symbol ITR
Shares Issued 62,107,305
Close 2021-09-28 C$ 2.93
Market Cap C$ 181,974,404
Recent Sedar Documents

Globe says new coverage rates Integra Resources "buy"

2021-09-29 07:52 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 29, edition that iA Capital Markets analyst George Topping commenced coverage on Integra Resources with a "buy" rating on Tuesday. The Globe's David Leeder writes that Mr. Topping set a share target of $7, which is 47 cents below the consensus. Mr. Topping says in a note: "Integra's resource is already large enough to be of interest to multiple mid-tier acquirers. Idaho is a low-risk jurisdiction, with excellent infrastructure and nearby labour, water, power and roads. Permitting is very likely given that DeLamar stands on previously disturbed grounds, the private landowners are supportive, and Idaho, a major phosphate producer, is pro-mining. Management also has a track record of selling assets at a premium. ... Since the PEA, the scale of the mine has already increased by 50 per cent-plus and recent exploration success has identified high grade below the pit at Florida Mountain. An updated resource estimate and PFS are due in Q4/21. We estimate commissioning in late 2026, but that a mid-tier producer will likely purchase it well before then." The Globe reported on May 21 that Desjardins Securities rated Integra "buy" in new coverage. It was then worth $39.

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